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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2010/12/children-happy-to-get-fewer-gifts.jpg"><img class="alignnone size-full" title="Children are willing to give up their Christmas presents to help the family finances, research suggests" src="http://londonglossy.com/wp-content/uploads/2010/12/min-children-happy-to-get-fewer-gifts.jpg" alt="Children are willing to give up their Christmas presents to help the family finances, research suggests"/></a></p>
<p>Considerate children are willing to give up their Christmas presents to help the family finances, new research shows.</p>
<p>Data gathered by swapit.co.uk, an online swapping community for young people, says 89% of children are happy to have fewer gifts. Some already expect to receive less than they did last year.</p>
<p>Christian Lindstrom, chief executive of swapit.co.uk, said: &#8220;Our research shows that children crave parents to spend time with them at Christmas instead of splashing the cash unnecessarily.&#8221;</p>
<p>He continued: &#8220;Parents should talk to their children about their finances &#8211; they may be surprised by how understanding and financially savvy they are.&#8221;</p>
<p>The survey shows young people are now more clued-up on money matters, with only 7% of under-18s unaware of Britain&#8217;s money troubles.</p>
<p>Some 62% of youngsters discuss the family finances with their parents.</p>
<p>Mr Lindstrom added: &#8220;The economic crisis over the past few years has not just affected adults, the younger generation seemed to have picked up on the need to save.&#8221;</p>
<p>The 2009 Christmas period saw five million people increase their debts but stockings are still set to be bulging on December 25.</p>
<p>The average child is due to receive six presents from their family and a lucky 14% will expect more than 20.</p>
<p>Swapit.co.uk surveyed 1,026 under-18s during December.</p>
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